Hsbc Holdings PLC Boosts Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Hsbc Holdings PLC increased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 275,490 shares of the transportation company's stock after purchasing an additional 11,077 shares during the period. Hsbc Holdings PLC owned approximately 0.23% of C.H. Robinson Worldwide worth $28,471,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CHRW. National Pension Service purchased a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $25,000. Missouri Trust & Investment Co bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $41,000. Mainstream Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $41,000. Brooklyn Investment Group boosted its stake in shares of C.H. Robinson Worldwide by 213.5% during the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock valued at $48,000 after purchasing an additional 316 shares during the period. Finally, Stonebridge Financial Group LLC bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth about $52,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays upped their target price on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an "underweight" rating in a research note on Friday, January 17th. JPMorgan Chase & Co. dropped their price objective on C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Jefferies Financial Group lowered their target price on C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a report on Friday, April 11th. Susquehanna lowered their price objective on shares of C.H. Robinson Worldwide from $127.00 to $117.00 and set a "positive" rating for the company in a research note on Wednesday, March 26th. Finally, Bank of America cut their target price on shares of C.H. Robinson Worldwide from $122.00 to $119.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and an average target price of $117.20.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the transaction, the insider now owns 77,027 shares in the company, valued at approximately $7,732,740.53. This trade represents a 9.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the transaction, the insider now directly owns 34,586 shares of the company's stock, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.91% of the company's stock.

C.H. Robinson Worldwide Stock Performance

CHRW stock traded down $0.22 during midday trading on Wednesday, reaching $88.11. The stock had a trading volume of 1,122,659 shares, compared to its average volume of 1,403,808. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The firm has a fifty day simple moving average of $95.99 and a two-hundred day simple moving average of $102.12. The stock has a market cap of $10.42 billion, a PE ratio of 22.89, a P/E/G ratio of 1.16 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a 52-week low of $70.16 and a 52-week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 64.42%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.